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WAYNE PARTELLO

Observation

Before You Lower Your Price, Add to the Experience

Providing more value doesn’t always mean lowering the price.

Providing more value doesn’t always mean lowering the price.

MLB teams have spent the last decade finding better ways to make the game worth attending: bobbleheads, fireworks, drone shows, better food, DJ sets, pregame happy hours and more.

Instead of immediately discounting the ticket, they’re adding reasons to want the ticket.

There’s a lesson here for every business.

Before you lower your price, ask what you can add to the experience.

Discounting can create a transaction. Creating more value can build demand.

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